UNIT 4: CHECKING ACCOUNTS (BANKING)

Is an average amount of money that exists in a bank account over time. It is usually used to calculate interest and fees on the account

• minimum balance
• average balance
• peak balance
• total balance

Is a peice of paper that is used to transfer money from one person's checking account to another person

• cash
• debit card
• check
• credit card

Is an amount that someone holrs at a bank that allows the holder to write checks or use a debit card to remove money

• checking account
• investment account
• credit card
• savings account

An amount is to remove it from a bank account

• debit

• save
• transfer
• deposit

Is a small, plastic card that is used to remove money from a checking account for a payment. A debit card removes money electronically through a machine at the point of purchase

• Gift card
• Library card
• Credit card
• Debit card

It is made up of money or can be converted easilly into money

• liquid

• solid asset
• frozen asset
• gaseous asset

Is a charge for keepimg an account with a particular bank

• withdrawal fee
• service charge
• interest payment
• maintenance fee

Is an amount of money deducted from a bank account that exceeds the amount of money available to spend

• Overdraft
• Underbalance
• Overlimit
• Underdraft

The bank accidentally _______ a customer's account for duplicate transactions

• debited
• froze
• balanced
• credited

The annual fees are based on an account's _______ _______ over the year

• average balance
• maximum balance
• minimum balance
• total balance